All Grocery articles – Page 499
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AnalysisReaction: Tesco reveals Japan exit strategy
Tesco revealed today it will exit Japan in two stages, the first of which involves selling 50% of the operation to Japan’s largest retailer Aeon for a “nominal sum”. The grocer will then form a joint venture with Aeon and will invest a further £40m into the business to finance further restructuring. Commentators believed the move made sense.
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AnalysisFive ways Majestic Wine is outstripping the grocers
Majestic Wine chief executive Steve Lewis believes the grocers’ 80% share of the wine market has peaked. The retailer reported a 14.5% uplift in full-year pre-tax profit today and Lewis believes there are significant market opportunities. Retail Week looks at reasons why he might be spot on.
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AnalysisMajestic Wine: What the analysts say
Majestic Wine reported a 14.5% uplift in pre-tax profit today while increasing its target for store numbers by 100 to 330 stores. The City reacted favourably.
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.
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NewsTesco reveals plan to exit Japan
Tesco has revealed its exit plan of its loss-making Japanese business.
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GalleryStore of the week: Bio Company Brunnenstraße, Berlin
Bio Company is an organic supermarket chain of the kind that is relatively common in Germany, but a rarity in the UK.
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AnalysisAnalysis: What will the economic stimulus plan mean for retailers?
Chancellor George Osborne announced the Government is to inject £140bn into the economy to kick-start credit provision. Retail Week takes a look at the likely effects on retailers.
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NewsMorrisons to offer £5 off £40 deal
Morrisons will wade into the voucher war in grocery this weekend.
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NewsShop rents fall across UK but London bucks trend
Retail rents continued to fall last year as landlords struggled to keep their properties occupied.
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News
El Corte Inglés launches price drop on 4,500 grocery products
El Corte Inglés has launched a price drop on 4,500 grocery products available in the food halls of its department stores, Hipercor hypermarkets and Supercor supermarkets.The items included are all basic grocery products from all sections, including fresh produce.
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AnalysisCarrefour must adopt a multichannel strategy to stay competitive
As consumers divert spend online and the trend of shopping locally shows no sign of abating, hypermarket retailers are pondering how to make their format relevant.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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NewsMorrisons raids M&S for new mobile boss
Morrisons has raided Marks & Spencer’s for its digital lead Sienne Veit.
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NewsTesco acquires £10m stake digital music platform
Tesco has purchased a stake in digital music platform WE7 for £10.8m.
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NewsIn-store experience becomes major focus for grocers
Focus shifts from space race to refurbishments in market share showdown.
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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News
Billa plans store expansion and modernisation
Rewe Group’s supermarket division Billa has earmarked e300m (£255m) for store expansion and modernisation over the next two years. The current rate of 35 refurbishments per annum in Billa’s home market will be increased.Since 2006, when the modernisation programme began, about half of its 1,000 stores have been revamped, costing ...
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NewsTesco and Dobbies plan first joint store
Tesco and Dobbies have submitted plans for their first joint store.
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AnalysisHead to head: How the big four grocers are performing
The grocery market continues to be ferociously competitive with all of the Big Four winning shoppers from each other. But how do they compare?
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News
Multichannel to be centre of strategic plan for Leclerc
Hypermarket business Leclerc said multichannel would be at the centre of its strategic plan, ‘Leclerc 2015’.Stores will feature a specialist offer and organise products into departments to support its drive-in stores or pick-up locations. By 2015, Leclerc will develop new product offers: it forecast that non-food, in its present form, ...